Wodify Payments FAQ

With Wodify Payments what you see is what you get. You’ll have reports right in Wodify that will show you exactly how much money you process, how much is coming out in merchant processing fees, and exactly what is going to be deposited into your account. You can also utilize our Quickbooks integration!

Benefits of Wodify Payments at a glance:

Quick and easy approval process

Flat, transparent pricing - No hidden fees!

Enhanced financial reporting

Automated and thorough chargeback dispute process

Automated card updating - when a member gets issued a new card (lost card, expired card) the information will be updated on the back end via the bank, so there will be no need to recollect the card from your client which will lead to less failed transactions.

I’ve been told that in order to use ACH my athlete needs to verify two micro deposits into their account first. Is that true?

Yes and no. Wodify Payments includes a partnership with the 13 major banks in the U.S. If your athletes are using one of these banks they will not need to authorize their bank account via micro deposits. In fact, they won’t even need their account or routing number, they’ll just need their online banking credentials.

The cost for this streamlining service is paid for by Wodify and is delivered to you at no additional cost. However, if the athlete has a bank other than one of the banks listed then they will need to authorize two small transactions on their account.

How long do I have to wait for a payout?

For Credit Card transactions, you should expect to receive a deposit within 2 total business days. For ACH, banks require a 5-day holding period to mitigate any risks (i.e., overdrafts). After 5 days, you can expect to receive the deposit within 2 business days.